Regulatory Alerts2024-09-11
Ordinance No 30 of the BNB on Calculation of Premium Contributions Due by Banks under the Law on Bank Deposit Guarantee
The Bulgarian National Bank issued Ordinance No 30 to establish the calculation methods and procedures for annual, reduced, and extraordinary premium contributions payable by banks to the Bulgarian Deposit Insurance Fund. The regulation mandates that the BDIF Management Board determine total contribution sums based on target fund levels and liability repayment schedules, utilizing specific growth factors and cash flow projections. Individual bank contributions are calculated using risk-adjusted weights derived from financial ratios and qualitative indicators, ensuring premiums reflect each institution's specific risk profile and the overall stability of the banking sector.
Share